Concrete launches foundation and governance token CT

On-chain yield operating system Concrete has introduced the Concrete Foundation to manage protocol governance and its treasury, alongside the launch of its native governance token, CT. The token, issued by Concrete Network, Ltd., has a fixed supply of 1 billion ERC-20 tokens on Ethereum with no inflation. Holders can stake or lock CT to participate in protocol decisions, including strategy approvals and fee frameworks. The protocol currently reports $1.2 billion in deposits and over $23 billion in cumulative volume.